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Anglo American sells steelmaking coal unit to Peabody for $3.77bn
Anglo American has agreed to sell its portfolio of steelmaking coal mines that it operates in Australia to Peabody Energy for $3. 77bn in cash as part of its pivot to be a copper, premium iron ore and crop nutrients business.
London pre-open: Stocks seen higher; Kingfisher narrows profit guidance
London stocks were set to rise at the open on Monday, having racked up strong gains at the end of the previous week.
Anglo American agrees sale of Australian coal mines, Kingfisher nudges down guidance midpoint
London open The FTSE 100 is expected to open 11 points higher on Monday, having closed up 1. 38% on Friday at 8,262. 08.
Monday newspaper round-up: Tourist tax, Amazon, FCA
Millions of tourists to the UK could soon be asked to pay a local visitor levy as cash-strapped councils try to raise money to fund services. Nearly half of Scotland’s local councils are considering a mandatory levy on overnight stays, known as a tourist tax, to help cope with a surge in visitors that has overwhelmed places such as Skye, the Callanish stones on Lewis and Orkney’s neolithic sites. – Guardian.
Sunday newspaper round-up: Nationwide, Close Brothers, Gold
Nationwide will announce a £2bn gain on its £2. 9bn takeover of Virgin Money in its half-year results, this Wednesday, likely triggering a windfall for its customers. The building society will also turbo-charge investment in the combined business on top of its recently begun 500 person hiring spree. As well, millions of members are in line for more 'fairer share' perks. - Financial Mail on Sunday.